Inspire Investing LLC Takes Position in Liberty Broadband Co. (NASDAQ: LBRDA)

Inspire Investing LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ: LBRDAGet a rating) in the first quarter, according to the company in its latest SEC filing. The company purchased 2,653 shares of the company, valued at approximately $348,000.

A number of other hedge funds have also recently changed their positions in the stock. Covestor Ltd purchased a new stake in Liberty Broadband during Q4 for a value of approximately $25,000. Moors & Cabot Inc. acquired a new stake in shares of Liberty Broadband in the third quarter at a value of $27,000. Allworth Financial LP increased its stake in shares of Liberty Broadband by 180.0% in the fourth quarter. Allworth Financial LP now owns 210 shares of the company valued at $34,000 after buying an additional 135 shares last quarter. Wahed Invest LLC bought a new position in shares of Liberty Broadband in the fourth quarter worth about $45,000. Finally, Western Pacific Wealth Management LP acquired a new position in Liberty Broadband during Q4 worth approximately $56,000. 11.67% of the shares are held by hedge funds and other institutional investors.

In related news, the director J-David Wargo acquired 300 shares of the company in a transaction that took place on Tuesday, May 10. The shares were acquired at an average price of $110.76 per share, for a total transaction of $33,228.00. Following the completion of the acquisition, the director now owns 32,214 shares of the company, valued at approximately $3,568,022.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 7.63% of the company’s shares.

Shares of NASDAQ LBRDA opened at $117.16 on Tuesday. Liberty Broadband Co. has a 1-year minimum of $99.52 and a 1-year maximum of $188.76. The company’s 50-day moving average is $112.83 and its 200-day moving average is $131.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.42. The company has a market capitalization of $19.07 billion, a PE ratio of 21.42 and a beta of 1.04.

Broadband Freedom (NASDAQ: LBRDAGet an assessment) last reported quarterly earnings data on Friday, May 6. The company reported earnings per share of $1.77 for the quarter. Liberty Broadband had a net margin of 99.93% and a return on equity of 9.79%. The company had revenue of $238.00 million for the quarter. As a group, equity research analysts expect Liberty Broadband Co. to post earnings per share of 16.31 for the current fiscal year.

A number of stock analysts have recently released reports on LBRDA shares. Benchmark reduced its target price on Liberty Broadband shares to $201.00 in a Friday, May 20 research report. TheStreet downgraded Liberty Broadband from a “b-” rating to a “c+” rating in a Wednesday, May 11 report. Finally, Deutsche Bank Aktiengesellschaft lowered its target price on Liberty Broadband from $196.00 to $158.00 in a Tuesday, May 10 research note.

Liberty Broadband profile (Get a rating)

Liberty Broadband Corporation is engaged in the communications sector. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice and managed services to residential customers, businesses, government entities and educational and medical institutions primarily in Alaska under the GCI brand.

Read more

Want to see which other hedge funds hold LBRDA? Visit to get the latest 13F filings and insider trades for Liberty Broadband Co. (NASDAQ: LBRDAGet a rating).

Institutional ownership by quarter for Liberty Broadband (NASDAQ: LBRDA)

Get news and reviews for Liberty Broadband Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Liberty Broadband and related companies with’s FREE daily newsletter.

Comments are closed.